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 BASE YEAR OF PAYMENTS For 2011-2012 the Virginia Tobacco Indemnification and Community Revitalization Commission ("the Commission") has authorized payments from Phase I Funds to flue-cured producers and burley producers based on tobacco production for the 1998 crop year. For 2011-2012, the Commission has authorized payments from Phase I Funds to flue-cured and burley quota owners who owned quota during the 1999 crop year. Quota owners who owned flue-cured or burley tobacco as of July 1, 1999 may be eligible for payment. PAYMENT DIVISION The division of monies for 2011-2012 between flue-cured and burley is based on the average of basic quota between 1995 through 1998. The 2011 Phase I payment rates established by the Commission are:
The 2012 Phase I payment rates established by the Commission are:
BASIS OF PAYMENT Basic quota is the basis for payment for (1) flue-cured producers; (2) flue-cured quota owners; and (3) burley quota owners. The average of effective quota and marketings is the basis for payment for burley producer payments. DURATION OF PAYMENTSThe 2012 payment is expected to be the final distribution of Phase I Indemnification funds. At that time, the Commission will have satisfied its statutory obligation to indemnify burley and flue-cured producers and quota owners.
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